Max Financial Services Legal & Regulatory
SEBI disposed of proceedings against Max Financial Services and its subsidiary without any penalty. Settlement applications from thirteen other noticees remain under process.
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SEBI disposed of proceedings against Max Financial Services and its subsidiary without any penalty. Settlement applications from thirteen other noticees remain under process.
Max Financial Services disclosed a temporary non-compliance with Regulation 19 regarding Nomination and Remuneration Committee composition. The company confirmed payment of the Rs. 4,720 fine.
Subsidiary Axis Max Life Insurance received a GST Show Cause Notice for ₹35.29 Crore regarding alleged wrongful Input Tax Credit utilization. The company is reviewing the notice.